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Airline economics = an empirical analysis of market structure and competition in the US airline industry /

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Airline economics/ by Giovanni Alberto Tabacco.
Reminder of title:	an empirical analysis of market structure and competition in the US airline industry /
Author:	Tabacco, Giovanni Alberto.
Published:	Cham :Springer International Publishing : : 2017.,
Description:	xv, 78 p. :digital ; : 22 cm.;
Contained By:	Springer eBooks
Subject:	Airlines - Economic aspects - United States. -
Online resource:	http://dx.doi.org/10.1007/978-3-319-46729-0
ISBN:	9783319467290

Airline economics = an empirical analysis of market structure and competition in the US airline industry /
Tabacco, Giovanni Alberto.

Airline economicsan empirical analysis of market structure and competition in the US airline industry /[electronic resource] :by Giovanni Alberto Tabacco. - Cham :Springer International Publishing :2017. - xv, 78 p. :digital ;22 cm.

1. Introduction -- 2. Airline City Pair Market as Natural Oligopolies -- 3. Market Size, Firm Numbers and Market Share Asymmetry -- 4. Entry and Market Sharing Agreements in the U.S. Airline Industry -- 5. Conclusion.

This book presents an original empirical investigation of the market structure of airline city pair markets, shedding new light on the workings of competitive processes between firms. Examining a cross-section of US airline city pairs, Tabacco proposes for the first time that the industry can be understood as a natural oligopoly, each airline market being dominated by one to three airline carriers regardless of market size. The author questions the extent to which airlines deliberately prevent head-to-head competition within city pair markets, and draws intriguing conclusions about competitive forces from the observed market structure. Uncovering some of the main corporate strategies of the airline industry, the book is of immediate relevance to industry managers and practitioners, as well as academic economists. Giovanni Tabacco is Assistant Professor of Economics at Swansea University School of Management, Wales. Prior to this he worked in the Economics Department of the University of Bologna, Italy. His research interests include industrial organization, experimental economics and competition policy, and competition economics.

ISBN: 9783319467290

Standard No.: 10.1007/978-3-319-46729-0doiSubjects--Topical Terms:

1248615
Airlines
--Economic aspects--United States.

LC Class. No.: HE9803.A4 / T33 2017

Dewey Class. No.: 387.71

Airline economics = an empirical analysis of market structure and competition in the US airline industry /
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505 0 $a 1. Introduction -- 2. Airline City Pair Market as Natural Oligopolies -- 3. Market Size, Firm Numbers and Market Share Asymmetry -- 4. Entry and Market Sharing Agreements in the U.S. Airline Industry -- 5. Conclusion.
520 $a This book presents an original empirical investigation of the market structure of airline city pair markets, shedding new light on the workings of competitive processes between firms. Examining a cross-section of US airline city pairs, Tabacco proposes for the first time that the industry can be understood as a natural oligopoly, each airline market being dominated by one to three airline carriers regardless of market size. The author questions the extent to which airlines deliberately prevent head-to-head competition within city pair markets, and draws intriguing conclusions about competitive forces from the observed market structure. Uncovering some of the main corporate strategies of the airline industry, the book is of immediate relevance to industry managers and practitioners, as well as academic economists. Giovanni Tabacco is Assistant Professor of Economics at Swansea University School of Management, Wales. Prior to this he worked in the Economics Department of the University of Bologna, Italy. His research interests include industrial organization, experimental economics and competition policy, and competition economics.
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